The Central Bank of Nigeria has announced plans for continued regulatory oversight of banks following the completion of the financial sector’s recapitalisation programme. The apex bank said greater attention would be placed on areas including corporate governance, asset quality, liquidity and large exposures as it continues to monitor the banking sector. The CBN disclosed that…
Nigerian billionaire Aliko Dangote has expanded his petroleum business beyond Nigeria following the commencement of construction on a proposed $16 billion oil refinery project in Kenya. The groundbreaking ceremony for the massive project was held in Lamu, Kenya, on Wednesday, September 30, 2026, attracting attention across Africa’s energy sector. The proposed refinery is expected to…
More than 10,000 participants are expected to converge on Lagos for the 2026 edition of the Creative Africa Nexus, popularly known as CANEX Weekend. The major creative economy event is scheduled to take place in Lagos from November 5 to 8, 2026, bringing together creatives, investors, policymakers, entrepreneurs and other stakeholders from across Africa and…
The Federal Government has declared Thursday, October 1, 2026, a public holiday to mark Nigeria’s 66th Independence Anniversary. The declaration means workers across the country will observe the anniversary as a work-free day as Nigerians commemorate the country’s independence from British colonial rule. Nigeria gained independence on October 1, 1960, making the 2026 celebration the…
George Ilenikhena marked his Super Eagles debut with a goal as Nigeria came from behind to defeat Madagascar 2-1 in their 2027 Africa Cup of Nations qualifying match. Nigeria fell behind in the first half after Madagascar opened the scoring in the 16th minute. The Super Eagles struggled to find an immediate response, and a…
Nigerian rugby player Daniel John has emerged as Nigeria’s Most Valuable Player at the 2026 Rugby Africa Men’s Sevens competition in Kampala, Uganda. The home-based player delivered an impressive performance during the tournament and stood out among members of the Nigerian squad. John, who plays for Cowrie RFC, reportedly scored three tries during the competition,…
The Nigeria Security and Civil Defence Corps has deployed 3,000 personnel across the Federal Capital Territory ahead of Nigeria’s 66th Independence Anniversary celebrations. The deployment is part of intensified security arrangements aimed at protecting lives and property during the Independence Day celebrations on October 1. NSCDC personnel have been deployed to strategic locations across Abuja,…
The House of Representatives has approved an extension of the implementation period for the capital component of Nigeria’s 2025 budget. The deadline, which was previously set for September 30, 2026, has now been extended to December 31, 2026. The extension is expected to give ministries, departments and agencies additional time to complete capital projects and…
Nigeria is set to strengthen its digital communication infrastructure with the development of a new telecommunications satellite, NigComSat-2A. The Nigerian Communications Satellite Limited (NIGCOMSAT) has entered into an agreement with Thales Alenia Space for the development of the new satellite, which is expected to improve connectivity across Nigeria and other parts of Africa. The planned…
President Bola Ahmed Tinubu is scheduled to address Nigerians in a nationwide broadcast on Thursday, October 1, as the country marks its 66th Independence Anniversary. The broadcast is part of the Federal Government’s programme for the 2026 Independence celebrations, which have been designed as a relatively low-key commemoration. Nigeria gained independence from British colonial rule…